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WebsiteCA Finance Africa Recruitment

Reference No. LEE

Reference Number: LEEACT
Job Description:
Our client within the financial services field is currently searching for a Actuarial Manager with extensive experience in the actuarial healthcare industry and employee benefits.

Experience in medical scheme consulting (pricing, product development and long-term funding valuations), long-service award valuations, embedded value calculations and other actuarial and employee benefits consulting experience will be advantageous.

  • IAS 19 post-employment healthcare liability valuations
  • Advice and implementation of reduction strategies around post-employment healthcare
  • Strategic healthcare market reviews including scheme comparisons as well as benchmarking exercises
  • Alignment of actuarial reporting with published ASSA Guidance Notes and other regulatory requirements
  • Ad hoc projects including employee benefits consulting queries and on the job troubleshooting
  • Involvement with risk management systems and processes of benefit providers
  • New business sales tools e.g. scheme performance to demonstrate ongoing strategic management advisory function and medical scheme evaluation 
  • Healthcare consulting models e.g. pricing and the ability to present management information reports in respect of cost & benefit comparisons with market alternatives
  • Responsible for new business and growth of the actuarial portfolio, including tenders and renewals
  • Delivery of specialised healthcare consulting models and tools including other technical input
  • Managing a team of actuarial analysts coordinating timely delivery of scheme reviews etc.

Requirements: Qualification and Skill

  • Near or fully qualified actuary (FIA/FFA/FASSA/AMASSA) – not negotiable
  • B Degree, B.Com. or B.Sc. degree with specialisation in actuarial, mathematical statistics or economics
  • Five years post-qualification experience with actuarial or related work experience, preferably in employee benefits (healthcare and/or retirement fund consulting)
  • Knowledge and understanding of the South African employee benefits industry
  • Understanding of the medical scheme and retirement fund legislation
  • Full broker (intermediary) accreditation with the Council for Medical Schemes
  • Completed the First Level Regulatory Examination as a Representative and/or Key Individual in Categories I, II, IIA, III and IV.